flip: Hard Money Lending in Detroit Conservatively for Profit! - 10/02/08 01:05 PM
Lending Hard Money for Detroit Investment Properties
Flipping houses or turning them over quickly for resale is a challenging market to be in so we recommend another method. Providing
hard money on Detroit Cash Flow Properties that you would like to own anyway is a great way to make … (0 comments)
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flip: If you go FHA, why not go 203K? - 10/01/08 01:03 AM
Up to 35k for Renovation
FHA203K
20 Questions
20 Answers
1) Is the FHA 203k mortgage loan program restricted to single-family dwellings? No. The FHA 203-k mortgage program can be used for one-to-four unit dwellings. Maximum mortgage limitations are the same as for properties under Section 203(b).
2) Can the … (0 comments)
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flip: What to do with Asbestos Siding? - 09/22/08 09:49 PM
Many houses built in the 40's and 50's were clad with a very hardy type Asbestos shingle. Today, we remodel a bunch of these old homes and occasionally need to do something with these old shingles because there is much damage and need to be matched or removed and re-sided with … (8 comments)
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flip: Are YOU as well as your clients..buying in this market? - 09/18/08 08:29 AM
The economy is in turmoil as we all hear. Foreclosures and short sales at all time highs. It's been a great time for our buyers. But are you personally looking at this market for investments? If you're not, you could be cutting your nose off to spite your face.
Why? I … (2 comments)
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flip: Tempe, AZ - Remodeled Home For Sale! - 09/13/08 08:54 PM
… (0 comments)
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flip: Pittsburgh Foreclosure Sale - Make $$$$ on this one! Nice flip! - 09/12/08 02:34 PM
The house across the street is selling for $189K!
This would make a nice flip or just clean it up and rent it Excellent location - Great neighbors. Close to Parkway and Waterfront. A growing area too!! 3 BR 2 Story Detached garage too!! Call before this one's gone. (412) 916-6205 … (0 comments)
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flip: Flippin' Crazy! - 09/10/08 04:23 PM
So, I've been busy house-hunting, and came across one that just smelled like money when I walked in. Not literally, of course. It's a foreclosure, and for those of you that have shown foreclosures, most of them certainly do not smell like money.
It's in a very well-kept neighborhood maintained by … (9 comments)
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flip: New Orleans, LA: Shotgun Single to Fix Up in New Marigny - $49K. - 09/10/08 02:04 PM
The full listing for this property may be found at: http://www.prudentialgardner.com/content/PropertyDetailEmail.asp?listingNumber=N684844&agentID=185473.
LOCATED AT 2319 URQUHART, THIS QUAINT NEW MARIGNY SHOTGUN NEEDS TLC. NO WATER FROM KATRINA AND IN FLOOD ZONE B. GREAT FIXER UPPER FOR RENTAL INVESTMENT OR OWNER OCCUPY. LARGE BACK YARD ALLOWS FOR EXPANTION POSSIBILITIES. $49,000.
Visit Realtors Jane Hoogerwerf … (0 comments)
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flip: New Orleans, Louisiana: NOLA's Market Holding Its Own! - 09/08/08 01:34 PM
Here's a link to a recent article in the New Orleans Times-Picayune on the state of our market. In several markets we've been seeing a decrease in the number of new listings from previous months, while buyer demand has remind steady and even increased a bit. Now if we can just work some of … (0 comments)
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flip: Real Estate Investing Strategies - Part I - Short Term Investments - 09/02/08 04:12 PM
Real Estate Investing Strategies
People who invest in anything, whether it’s real estate, commodities, futures, etc., all have different financial goals. Some investors look for long-term profits, others look for short-term gains, still others try to create cash flow. Here’s a brief look at the investing strategies associated with … (5 comments)
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flip: Fun with Flip! - 09/01/08 09:02 AM
We finally got a Flip video!!! If you don't know what a Flip is, check it out - it's seriously the easiest video camera we've ever owned! It stores 60 mins worth of video & you can upload segments directly to YouTube, etc...
Here's a video I shot this weekend of my girls...enjoy!
… (2 comments)
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flip: MyTechOpinion.com Vlogging Contest - 08/30/08 10:23 AM
The folks over at MyTechOpinion.com has asked the RE.net to talk about what technology has had the biggest impact on their real estate business. They have poised the question in the form of a little contest over at their site and I would strongly encourage everyone to jump over there … (1 comments)
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flip: Appraisals - Isn't There a Problem Here - 08/26/08 06:09 PM
In today's market, I've found increasing problems with Real Estate Appraisal. I've talked with various appraisers about their methods for assessing a property, and usually they are fairly similar.
The property must be within a certain square footage range (usually around 200+/-), be of the same type (2-story, tri-level, ranch, etc), … (1 comments)
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flip: Relocation to Mauldin, SC - Investors Interested in Mauldin, SC - 08/23/08 06:34 PM
Whether you are considering a relocation or you are a Real estate investor seeking property in Mauldin, SC we encourage you to give us a call! Whether you are seeking a quality Realtor to work with, an investment partner, foreclosures, multi-family units or if you'd just like to chat and learn … (0 comments)
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flip: Buy More Home Now! - 08/18/08 10:37 AM
While the pundits determine whether the real estate market is plunging or recovering, buyers are in the unique position of looking at a glass that is half full, not half empty. When sales are slow, that's actually a good thing for qualified buyers, and there has not been a better time … (0 comments)
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flip: How do You Market Homes in Very Low Price Point Areas? - 08/14/08 06:54 PM
You guys in AR have been so incredibly helpful and I really have to beg your assistance again. I have just taken 5 listings 2 of which are in very low income neighborhoods. The houses have been almost completely remodeled and are priced to sell. I need help with delicately phrasing … (6 comments)
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flip: Market Psychology ... It's A Buyers Market You Can't Pay Full Price ??? - 08/14/08 09:51 AM
Ken Montville's post, "Priced Right + Good Condition = Multiple Offers", motivated me to post my comments. Per my similar comments at Ken's Blog, I agree with Ken's sentiments as we price our properties accordingly. However .........
Our investment real estate company has been noticing some interesting market psychology on our … (2 comments)
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flip: Investors still purchasing in Redding California...this latest flip may make the owner $100+k!! - 08/11/08 02:00 PM
Banks are interested in getting homes off the books and a buyer that is solid with great credit can do pretty well right now.This latest home that I have followed may indeed be a gold mine for the owner that purchased it.He paid $365k less than two months ago and now … (0 comments)
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flip: Is this the right time to flip ? - 08/08/08 06:10 PM
Few years back I have often ask by novice investor if flipping is a good idea. My answer was yes it is a good business to be. Today with all the foreclosures and slow down in Residential Real Estate markets almost every where and the looming economy --- my answer would … (1 comments)
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flip: With all of my Twittering and Tweeting, Do I Really Need Twirl?? - 08/05/08 11:39 AM
Do I need Twirl? Is it going to make my life any easier?
This keeping up with all of the social networking is killing me. I think I need to hire an Internet social secretary just to keep up with my Twitters, Tweets, and Utterz.
Now I have done … (8 comments)
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flip: The Fire Flipper..need suggestions to flip a house with fire damage! - 08/02/08 09:50 AM
Hi Realtors and Investors. My husband and I are on our third flip and enjoying ourselves immensely! My husband takes care of the majority of the financials and oversight of the property and my job as an agent is to continue my work, find the deals and do the comps.
We … (3 comments)
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flip: Freddy, Our Wonderful Dog In Greenville, SC! - 07/26/08 10:27 AM
I've noticed a few of my colleagues sharing pictures of their pets recently. I couldn't help but join in on the fun! These are a couple pictures of our loving family member, Freddy. He's a mutt! To the best of our knowledge, he's got a lot of Rhodesian Ridgeback … (2 comments)
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flip: Real Estate Investment Opportunities In Piedmont, SC - 07/26/08 10:06 AM
Real estate investors seeking property in Piedmont, SC are encouraged to give us a call! Whether you are seeking a quality Realtor to work with, an investment partner, foreclosures, multi-family units or if you'd just like to chat and learn more about Piedmont, Van West Enterprises, LLC will be happy to … (0 comments)
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flip: Real Estate Investment Opportunities In Travelers Rest, SC - 07/26/08 10:02 AM
Real estate investors seeking property in Travelers Rest, SC are encouraged to give us a call! Whether you are seeking a quality Realtor to work with, an investment partner, foreclosures, multi-family units or if you'd just like to chat and learn more about Travelers Rest, Van West Enterprises, LLC will be … (0 comments)
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flip: Real Estate Investment Opportunities In Taylors, SC - 07/26/08 09:59 AM
Real estate investors seeking property in Taylors, SC are encouraged to give us a call! Whether you are seeking a quality Realtor to work with, an investment partner, foreclosures, multi-family units or if you'd just like to chat and learn more about Taylors, Van West Enterprises, LLC will be happy to … (0 comments)
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flip: Real Estate Investment Opportunities In Greer, SC - 07/26/08 09:55 AM
Real estate investors seeking property in Greer, SC are encouraged to give us a call! Whether you are seeking a quality Realtor to work with, an investment partner, foreclosures, multi-family units or if you'd just like to chat and learn more about Greer, Van West Enterprises, LLC will be happy to … (0 comments)
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flip: Real Estate Investment Opportunities In Mauldin, SC - 07/26/08 09:51 AM
Real estate investors seeking property in Mauldin, SC are encouraged to give us a call! Whether you are seeking a quality Realtor to work with, an investment partner, foreclosures, multi-family units or if you'd just like to chat and learn more about Mauldin, Van West Enterprises, LLC will be happy to … (0 comments)
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flip: Real Estate Investment Opportunities In Fountain Inn, SC - 07/26/08 09:47 AM
Real estate investors seeking property in Fountain Inn, SC are encouraged to give us a call! Whether you are seeking a quality Realtor to work with, an investment partner, foreclosures, multi-family units or if you'd just like to chat and learn more about Fountain Inn, Van West Enterprises, LLC will be … (0 comments)
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flip: Real Estate Investment Opportunities in Simpsonville, SC - 07/26/08 09:42 AM
Real estate investors seeking property in Simpsonville, SC are encouraged to give us a call! Whether you are seeking a quality Realtor to work with, an investment partner, foreclosures, multi-family units or if you'd just like to chat and learn more about Simpsonville, Van West Enterprises, LLC will be happy to … (0 comments)
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flip: Real Estate Investment Opportunities in Greenville, SC - 07/26/08 09:37 AM
Real estate investors seeking property in Greenville, SC are encouraged to give us a call! Whether you are seeking a quality Realtor to work with, an investment partner, foreclosures, multi-family units or if you'd just like to chat and learn more about this region, Van West Enterprises, LLC will be happy … (0 comments)
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flip: Flipping in todays market - 07/25/08 05:42 PM
I'm going to do it...yep, I am flipping a house in todays not so hot market...
I'm not too worried since I got it at a very good price, if it doesn't sell I can alway rent it...but it is still kind of scairy.
The people are still living there, but … (6 comments)
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flip: To Flip or Not to Flip if the Deal is Really Good! You tell me....... - 07/25/08 03:37 PM
A 3 bed 2 bath, 1800 sq/ft house on nearly an acre. Great safe area, growing, good schools. Getting it very cheaply. T his will be our third flip if we can get it. The question is whether or not to get it even though our chances of selling right now … (1 comments)
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flip: Find Your Own Cat Pee - 07/22/08 07:50 PM
Find Your Own Cat Pee
Years ago, when I first started looking for homes to renovate and either rent out or resell, I would tell my agent to find me homes that had cat pee on the carpet. You see, I liked homes that smelled bad, were closed up and hot, … (8 comments)
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flip: Moving! - 07/14/08 03:32 PM
I'm moving to California! Stopping on the way to do seminars in Las Vegas. I'll have more info soon.
Armando
… (0 comments)
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flip: Is this a good time to invest in property? - 07/08/08 02:03 PM
Over the weekend I picked up two new investor clients, which I found very interesting. At the height of the market around here, I had several investor clients that did nothing but "flip" houses. I use the word "flip" in quotes because flipping is actually illegal. A flipper never takes … (1 comments)
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flip: My First Flip - The finish line! - 07/06/08 09:37 PM
It's finally here - we're finished! 3 1/2 months later and a lot of time and effort invested, my partner Rich and I have completed our first renovation project - the Clifton NJ house. We had our first Open House today and had a great turnout. About 20 groups (yes groups) of … (17 comments)
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flip: Grand Opening - 07/05/08 10:49 AM
From Left Alan our mortgage rep for the office, Wes a friend who we hope to have join the office, Doug ..my assistant and receptionist,me, Joe (Town Alderman, Mary (my wife and co-owner) Bill Peer one of our agents. After the ribbon cutting we went to the golf course and … (2 comments)
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flip: FHA suspension of flipping issue? - 06/20/08 09:11 AM
I am sure we will be seeing some good articles on this issue, I will edit and link asap. Got this head's up in an e-mail from one of my favorite gal's. Don't have her on the rain yet but I'm working on it.
I have one in mind already- let … (6 comments)
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flip: 3629 W 230th ST, Torrance 90505 - 06/20/08 12:16 AM
3629 W. 230th Street Torrance, CA 90505
any suggestions? Point2agent? Craigs List? its own website? Carwash flyer,
So many things to show this property right now. I have the flip now and just need to learn to use it.
… (2 comments)
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flip: FHA Suspends 90-Day Rule, But Will Flippers Really Benefit? - 06/16/08 10:23 PM
News broke today that FHA will be temporarily waiving a rule that has been impeding bank resale of foreclosed properties.
The so-called "90-day rule" was implemented to stop property-flipping schemes that utilized multiple investors to rapidly increase the value of a home, while stripping that value out through larger and larger mortgages. This scheme hurt many … (11 comments)
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flip: Bargain Hunters Investment Properties - 06/16/08 03:51 PM
If you are interested in short sales, foreclosures, pocket listings, wholesale properties and reo's for residential, commercial and land CALL Dean Carpenter (214) 707-0324 www.DeanCarpenter.com
If you are looking for seller financing you have come to the right place. I have builders that are willing to payout at the closing table up to 27%.
… (0 comments)
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flip: Foreclosure opportunities in the Austin, Texas area - 06/12/08 01:31 PM
With the mortgage crisis in full swing, homes are going into foreclosure left and right all across the country, with the number of foreclosures increasing every quarter. Austin, Texas has its share of this market wiht REO, HUD, and pre-foreclosure properties.
All these foreclosed properties offer you a great investment opportunity. … (0 comments)
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flip: My First Flip - nearing the finish - 06/10/08 09:58 PM
Here's an update on the Clifton NJ house.
It's been a long haul for Rich and I trying to balance our regular jobs as full time real estate agents and working on this flip. But we're starting to see some light at the end of the tunnel. The house is really … (35 comments)
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flip: Baghdad Real Estate Sizzling Hot - 06/10/08 07:26 PM
Are you looking to flip a property for profit? The U.S. real estate market may not look so hot, but the Baghdad real estate market is sizzling hot. There is no mortgage crisis in Baghdad because there are no mortgages. People buy and sell real estate for cash and lots of … (2 comments)
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flip: Time to be a contrarian? - 05/30/08 11:18 AM
Everwhere you turn there is bad news about the real estate and mortgage industries. Realtors going part time and pulling down a "real" job elsewhere in a cubicle somewhere. Same with mortgage brokers. Wall Street is flooded with bad news about anything real estate and finance related. Stocks in these industries … (2 comments)
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flip: Single use Camera or FLIP Video pick your poison - 05/28/08 02:09 AM
V570
This post is to explain whether this is all worth the time
and trouble to have a digital still camera that also shoots video and
then go out an buy a new FLIP Video Camera. The claim is if
you have the Kodak Easy share V570 you can do … (5 comments)
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flip: Video Blog extreme Localism Simi Valley Cajun Festival - 05/27/08 02:17 AM
I try not to post the same thing on both my blogs, but the localism feature here on AR tends to show up in the long tail google searches sooner. This video blog was shot mostly with my Sony HC-38 mini DV with the stabilizer and a few shot were taken … (2 comments)
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flip: REHAB 203K Loans and 100% Financing Nehemiah Program - 05/25/08 10:52 AM
… (2 comments)
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flip: Is An FHA Loan Right For Purchasing an REO Property In The Sunland – Tujunga Area? - 05/24/08 04:32 PM
There is am over-abundance or REO Real Estate for sale in the Sunland – Tujunga area as well as most of Los Angeles County and even more when you look east to the Inland Empire, in areas such as the Hemet – San Jacinto Valley.
Today, nearly every REO … (0 comments)
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flip: Flip Camera time to put it through some tests - 05/23/08 12:30 AM
I got my hands on the office FLIP VIDEO camera. Here is a quick look at this amazing little device. It will not replace my Sony Mini DV camcorder, but I can see where this can be used for some interesting applications. My overall first impression before turning it on that … (16 comments)
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flip: When is Too Much, Too Much? - 04/29/08 09:46 AM
Our job is to sell houses and homes. How do we do this? By getting as many people in the door as possible to view the home. (Of course in the lux and high end markets or niche markets this is not the model). Technology will help you with this imensly … (1 comments)
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flip: Which Is A Better Real Estate Investing Strategy - Wholesaling OR Rehabbing? - 04/29/08 09:37 AM
This topic has been one of heated debate for quite some time now. You have the "Die Hard" Wholesalers, your Rehabbers, and Landlords that all feel that their strategy is the best.
Probably the best way to describe where everything fits in, it's best to think of a triangle. If you look … (0 comments)
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flip: Track Down The Elusive Homeowner Bloodhound Style... - 04/29/08 09:34 AM
"Vacant - Boarded Up Houses" are my FAVORITE DEALS for quick turnaround flips. You're talking about someone that cares so little about the property that they've left it to decay. The owner of that house should be begging you to take their junk house off of their hands. Except, the only … (1 comments)
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flip: 92 Ways A Small Time Real Estate Investor Can Beat "Homevestors" - 04/29/08 09:31 AM
When it comes to the Home Buying Business, the small "work out of your house" guy can easily dominate the corporate giants through simple creativity. Sure, Homevestors can afford to advertise on every billboard in town, and have several television commercials running at the same time but if you follow my … (0 comments)
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flip: Zoom without ZOOMING! Flip video camera - 04/25/08 05:29 PM
Just a word of advice for those of you thinking of getting a flip video camera....
Even though it has a zoom feature...DON'T
use the ZOOM!!!
The zoom is a digital zoom, which isn't the same as a zoom
lens. Anytime you do zoom your picture will become pixilated
and … (9 comments)
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flip: To Tell or Not To Tell - 04/24/08 01:32 PM
So I have a contract in on a short sale in my county. My client likes two houses on this particular street the one we put the contract in on and the one right next door. They both are nice. I received a call today from the firm handling the short … (1 comments)
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flip: Tech 101-Part B - 04/24/08 09:23 AM
So someone asked what I use a portable DVD player for. Well, the first and easiest one is thta I have some promotional videos that I play for my home sellors when I am at a listing appoinment. I also will make up a loop of properties that will play or … (1 comments)
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flip: Another "Flip" Update - 04/23/08 10:36 PM
Lately I have been posting the progress my husband and I have been making on our first flip. This week we have taken another big step towards completing our little project. The home we purchased has wood floors throughout the entire home, but they have been covered with carpet. Evidently, the … (5 comments)
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flip: My First Flip - Slow go - 04/22/08 09:26 PM
Clifton NJ Project
My partner Rich and I are into this project about a month now and we've sort of hit a wall. It seems once everything has been gutted, we've now got to play a waiting game with contractors. You see, we originally wanted to do most of the work ourselves … (7 comments)
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flip: FLIP. REHAB. HOLD. - Investors Network!!! - 04/19/08 06:25 PM
GoPrimetime.net is a Real Estate Network website that is similar to You Tube and allows you to Advertise for free, Blog pages, upload videos, photos, audio's and more. Over 1000 visitors daily...EXPOSE YOURSELF!!!
Please visit our website at www.GoPrimetime.net
… (7 comments)
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flip: flip video and imovie: not a marriage made in heaven. - 04/17/08 12:01 PM
PROBLEM: my new flip video camera won't work with imovie... first time I tried to import the flip video to imovie I got...NO VIDEO (blank white screen) with ONLY AUDIO!!! SOLUTION... installing the 3ivx decoder that came with the flip video camera....now I've got video....BUT, now I've got a new … (2 comments)
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flip: Flip this house - Post #13 - 04/13/08 10:31 AM
I have not posted much lately about the house flip. As I stated before with the market slow, there is not much to talk about until I can get a qualified buyer ready to do something. Our average days on market in Central Florida is nearly 4 months, and this house has … (6 comments)
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flip: Unexpected Outcome - 04/10/08 10:49 PM
As I have posted before, my husband and I are working on our first flip. In order to save money we are doing most of the work ourselves. However, something has started to happen that I never expected. As my husband and I have been at the property working, people have … (4 comments)
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flip: FLIP this home! Great Investment for a handy buyer... - 04/10/08 12:01 PM
… (0 comments)
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flip: Flip Video Camera? Or, RCA EZ201 Video Camera? - 04/09/08 07:13 PM
I got all fired up about video, Flickr video, and video in general.
Jeff Turner, Bob Stewart, and Brad Andersohn put me over the top.
I pulled up the CNet review for the Flip and that led me to the RCA EZ201.
After a little more reading, I was at Amazon, and, of course, EBay.
I decided to look … (30 comments)
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flip: Adventures in House Flipping - 04/09/08 02:35 PM
The weather report for Louisville says that we can expect rain for the next several days. I am trying to get my latest investment project completed and really want to list it before this weekend. So, I stopped by to talk to the contractor about getting the outdoor projects completed today.
I … (6 comments)
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flip: Man Was Meant to be a Social Creature...but it is SOOO Hard Sometimes! - 04/03/08 10:17 AM
Social Networking is the key to the next generation of marketing. You heard it here second,we spend so much money on mailings,cards, gifts and web sites and now we have the advent of social networking. A site like ActiveRain is a huge help in getting your name out there but more … (1 comments)
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flip: My First Flip - The Demo - 04/01/08 09:19 PM
Well it's been a little over a week since Rich and I acquired this property. Not a lot got done the first few days because we closed on it the Thursday before Easter - but I did manage on Easter Sunday to spend about four hours tearing down ceilings in the Living … (13 comments)
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flip: Investor Advice: Beware the FHA - 03/30/08 04:41 PM
So, you just completed your flip in 4 weeks. Congratulations! Unfortunately, selling your renovated project may not go as smoothly as you think. Everyone is aware that Freddie Mac and Fannie Mae homes come with a 90-day deed restriction when you purchase the home. But, there may be a holding period even if … (3 comments)
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flip: Reduce your costs on trash disposal during your next renovation! - 03/30/08 06:05 AM
When I start remodeling either a flip or rental, I call up my favorite scrapper to come over and pick up what he feels he can scrap out (metals, mostly).
Since the cost at the dump is determined by the weight, I can save some valuable dollars by reducing the amount that … (4 comments)
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flip: Federal Pacific Electric Panels - 03/28/08 07:30 PM
I came across this Federal Pacific Electric Panel the other day on a home inspection. This panel has since been replaced.
This electric panel was a complete and total disaster. Lots of "handy man" additions on top of a dangerous and obsolete panel. The Federal Pacific company is … (5 comments)
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flip: What a Tangled Web ...Site we Weave - 03/26/08 12:45 PM
So today I decided to update and fix my website. The site was set as an agent site to market me the real estate salesperson not me the real estate brokerage and its broker of record. So I decided it needed to be less about me and more about the company … (2 comments)
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flip: My First Flip - Part One - 03/20/08 09:08 PM
My associate Rich and I just closed on our first investment property today. At times it seemed like this day would never happen. Over the past 5 or 6 months - I really can't remember how long - we've been attempting to purchase a property that we could re-hab and bring … (14 comments)
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flip: Great Home in Portsmouth for 100k - 03/20/08 03:52 PM
I have an investor who would like to unload a home on Elm Street in Portsmouth, VA. This home sits just beyond the Western Branch of the Elizabeth River right in the middle of many beautiful, new homes built and marketed by Nancy Chandler & Assoc. in the high 300k range. … (1 comments)
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flip: Flipping Green Bay Wisconsin Part 3 - 03/09/08 10:41 PM
Now that we've laid out some guidelines to help prevent some rookie mistakes, lets look at a real life example that is going on at this moment.
I analyzed the market and came up with some results that led us to focus on Allouez and East De Pere areas. These two … (2 comments)
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flip: The Anatomy of a Sale - 03/09/08 06:45 PM
The Anatomy of a Sale
A real life example of a sale from start to finish
INTRODUCTION
I. The Cash Call Ads & Phone Tactics
What they are and what to say in the ad
Questions to ask
Don't waste time on a loser
How much should I pay?
The … (1 comments)
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flip: Options As Sales Tools in Real Estate - 03/09/08 06:40 PM
Options As Sales Tools
Options can give you the "best of both worlds" between a land contract and a rental. With an option, you are renting the house with the right for the tenant to buy it later at set price and terms. The tenant/purchaser pays an additional sum over … (1 comments)
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flip: What are the different ways you can sell your property, pros and cons! - 03/09/08 06:36 PM
There's More Than The Price
There are a lot of ways you can sell your property, let's look at the pros and cons.
Mortgage Sales
Obviously, this is the most favorable way to sell your property because you get your cash out to re-invest immediately. This is also the most … (0 comments)
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flip: If you buy investment properties, what do you need to know about hiring contractors? - 03/09/08 06:28 PM
If you buy investment properties, what do you need to know about hiring contractors?
Where do you find contractor? Ask for referrals from other investors. You can also go to Home Depot early in the morning where the contractors are checking-out. Talk to the clerks about who the regulars are … (1 comments)
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flip: Independent Contractors or Employees? Using Others To Work On Your Properties - 03/09/08 06:26 PM
There are a few important concerns you should have when hiring anyone to rehab for you. Namely, they might get hurt and sue you; they might file for unemployment after the job is done, or they might claim that you were employing them and are responsible for all of the … (0 comments)
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flip: Necessary Repairs as Real Estate Investor - 03/09/08 06:23 PM
There are some repairs that you will have to maker to get your property to sell. Let's discuss them. 1. PAINTING. A fresh coat of paint works wonders for improving the looks of any house. Flat, off-white hides defects the best, especially cracks. Fix them, cover them, and hide them. … (0 comments)
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flip: Fixing up Homes as Investor - 03/09/08 06:21 PM
There are a lot of different opinions about fixing up properties, and most of them are correct. What I do to remodel a home may be considerably different than what you may want to do to fix a property. The market or area you are working in can greatly affect … (0 comments)
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flip: VA Repossessions - 03/09/08 06:19 PM
When the Veterans Administration guarantees a mortgage and the mortgagor defaults, the VA repossesses the property. To sell these properties, they offer them for sale on land contract to the public. The terms are generally favorable to the purchaser. They will take zero down on a thirty-year term contract.
The … (0 comments)
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flip: HUD Repossessions by Mark Maupin - 03/09/08 06:17 PM
Several years ago, HUD changed its guidelines. Only people who intend to occupy the properties as their personal residence for at least one year are allowed to purchase. For the most part, there are no sales to investors. However there is a section of the listings that are available for … (0 comments)
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flip: Working With Lenders With Repossessed Property (REO) by Mark Maupin - 03/09/08 06:14 PM
General
Every lender will, at one time or another, take property back due to non-payment. Most banks and mortgage companies refer to these properties as Real Estate Owned or REO’s. In this next section, I would like to discuss purchasing property from the lender after completion of the foreclosure process.
… (1 comments)
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flip: Privately Funded Mortgages - 03/09/08 06:09 PM
This is the type of financing I end up using most of the time. There are mortgage companies who will finance the purchase of investment property. Often they will finance all of the purchase depending on the equity in the property. Generally, you cannot obtain this kind of financing if … (0 comments)
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flip: All You Need Is Money - 03/09/08 06:02 PM
There are many real estate investor "gurus" that say you can buy property with no money out of pocket and become rich. Well, I've achieved the first part of this, but I'm still working on the second. I would like to look at an overview of the different sources of … (0 comments)
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flip: Purchase Agreements- What Are You Going To Offer? - 03/09/08 05:56 PM
When you have found a property, there are a few things to determine before making your offer.
HOW MUCH CAN YOU PAY? This determination is going to be made up from a number of factors, which include True Value (fair market value) of the property after repairs, the cost of … (0 comments)
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flip: Working With Your Realtor When Making An Offer as Investor - 03/09/08 05:53 PM
Unless the Realtor you are working with is experienced in buying or making offers on investment property, you will probably have to give them some "specialty training."
You will have to share your purchase parameters with your broker, i.e. price, neighborhood, seller motivation, seller financing, etc.
Then review keywords … (0 comments)
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flip: Researching The Property To Find Motivation by Mark Maupin - 03/09/08 05:51 PM
By reviewing the records at the county register of deeds for the property you are chasing you can find information that may be useful in determining the seller’s motivation.
Through research, you can determine what the property was purchased for by its current owner, when it was purchased and how … (0 comments)
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flip: Investors Whom Are You Making The Offer? - 03/09/08 05:48 PM
This is part of a book I wrote and a taste of one real estate investing guide DVDs done by me. I will be republishing the majority of my book on my active rain blog. If you are interest in DVD or Seminar I have done on Real Estate Investing … (0 comments)
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flip: OFFERS for Investors - 03/09/08 05:46 PM
This is part of a book I wrote and a taste of one real estate investing guide DVDs done by me. I will be republishing the majority of my book on my active rain blog. If you are interest in DVD or Seminar I have done on Real Estate Investing … (0 comments)
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flip: Determining The Value Of Real Estate - 03/09/08 05:44 PM
This is part of a book I wrote and a taste of one real estate investing guide DVDs done by me. I will be republishing the majority of my book on my active rain blog. If you are interest in DVD or Seminar I have done on Real Estate Investing … (0 comments)
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flip: Buyer Brokers for Investors - 03/09/08 05:41 PM
This is part of a book I wrote and a taste of one real estate investing guide DVDs done by me. I will be republishing the majority of my book on my active rain blog. If you are interest in DVD or Seminar I have done on Real Estate Investing … (0 comments)
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flip: REALTORS for Investors - 03/09/08 05:38 PM
This is part of a book I wrote and a taste of one real estate investing guide DVDs done by me. I will be republishing the majority of my book on my active rain blog. If you are interest in DVD or Seminar I have done on Real Estate Investing … (0 comments)
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flip: The Buying Zone for Investors - 03/09/08 05:35 PM
As a new investor, focus on a geographic area within 30 miles of your house. This is your area to “farm”. Learn the values of property in your farming area and build relationships with contractors, inspectors and ordinance officers. Focusing on the same area will also improve your knowledge of … (0 comments)
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flip: Style and design for investment Properties - 03/09/08 05:32 PM
This is part of a book I wrote and a taste of one real estate investing guide DVDs done by me. I will be republishing the majority of my book on my active rain blog. If you are interest in DVD or Seminar I have done on Real Estate Investing … (0 comments)
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flip: What Kind Of Properties do Investors Look For? - 03/09/08 05:26 PM
This is part of a book I wrote and a taste of one real estate investing guide DVDs done by me. I will be republishing the majority of my book on my active rain blog. If you are interest in DVD or Seminar I have done on Real Estate Investing … (0 comments)
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flip: Buy or Sell this Foreclosure, earn 2.5% - 03/05/08 05:35 PM
POSITIVE CASH FLOW MULTI-FAMILY 15 MINUTES FROM NEW YORK CITY
As most of you on Active Rain know, helping families out of a foreclosure situation is one of my favorite things to do.In most cases we help them stay in the home, but sometimes they want to walk away from it owing … (3 comments)
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flip: Flip this house - Post #12 - 02/29/08 04:07 PM
The punch out list for the house is completely done now. So the house is ready for a new buyer to move into.
The hard part in this market of course is finding that qualified buyer. You have to be flexible on price and terms in order to make a deal happen. We have had … (0 comments)
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